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LAW5206 Corporations Law

Semester 3, 2013 On-campus Springfield
Units : 1
Faculty or Section : Faculty of Business and Law
School or Department : School of Law
Version produced : 16 April 2014

Contents on this page

Staffing

Examiner: Ling Ling He
Moderator: Mark Byrne

Requisites

Pre-requisite: LAW5201

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Rationale

This course provides an overview of the principles and mechanisms of the law governing the commonest legal arrangements through which business is conducted in Australia. In an increasingly complex business environment, discerning and understanding the principles which underlie the complexity of the law governing business organisations is practically useful. It enables people of business and their advisers to identify and address important issues of partnership, trust, associations and company law when they arise. This course provides a foundation for the study of these matters.

Synopsis

The objective of this course is to introduce students to the legal principles associated with partnerships, associations, trusts and corporations. In particular, students will be exposed to the Partnership Act and Corporations Law in detail and shall be required to be able to describe all appropriate legal principles dealing with such entities and the internal and external relationships thereof.

Objectives

On completion of this course students will be able to:

  1. demonstrate an advanced and integrated understanding of the principles associated with partnership, trusts, associations and corporations law (the relevant law)
  2. demonstrate mastery of theoretical knowledge of the relevant law
  3. reflect critically on the theory and professional accounting practice as required by the relevant law
  4. research and apply established theories of the relevant law to accounting practice
  5. interpret and transmit knowledge of the relevant law to professional accounting and client audiences.

Topics

Description Weighting(%)
1. Partnerships 10.00
2. Trusts 10.00
3. Associations 5.00
4. Incorporation of companies (background, significance, procedure) 10.00
5. Relations with outsiders 10.00
6. Membership (including shareholders' rights and minority protection) 10.00
7. Corporate governance 15.00
8. Company meetings 10.00
9. Finance 10.00
10. External administration 10.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2013&sem=03&subject1=LAW5206)

Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)

  • Lipton, P & Herzberg, A 2012, Understanding company law, 16th edn, Lawbook Co, Sydney, New South Wales.
  • 2013, Australian Corporations Legislation, LexisNexis Butterworths/CCH (Vol 1).
  • Partnership Act 1891 (Qld), Government Printer, Queensland.

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
  • Austin, RAP & Ramsay, IM 2013, Ford's principles of corporations law, 15th edn, LexisNexis Butterworths, Chatswood, New South Wales.
    (or latest edition - also available online in the LexisNexis AU database, accessible from USQ Library website.)
  • Baxt, R, Fletcher, K & Fridman, S 2008, Corporations and associations: cases and materials, 10th edn, LexisNexis Butterworths, Sydney, New South Wales.
  • Fletcher, KL 2007, The law of partnership in Australia, 9th edn, Lawbook Co, Pyrmont, New South Wales.
  • Hanrahan, P, Ramsay, I & Stapledon, G, Commercial applications of company law, CCH Australia, North Ryde, New South Wales.
    (latest edition required.)
  • Krever, R 2011, Mastering law studies and law exam techniques, 7th edn, LexisNexis Butterworths, Chatswood, New South Wales.

Student workload requirements

Activity Hours
Assessments 20.00
Directed Study 39.00
Private Study 106.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ONLINE QUIZ 1 10 10 25 Nov 2013
ASSIGNMENT 1 20 20 09 Dec 2013
ONLINE QUIZ 2 10 10 22 Dec 2013
ASSIGNMENT 2 60 60 20 Jan 2014

Important assessment information

  1. Attendance requirements:
    It is the students' responsibility to attend and participate appropriately in all activities (such as lectures, tutorials, laboratories and practical work) scheduled for them, and to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    If students submit assignments after the due date without prior approval of the examiner, then a penalty of 5% of the total marks gained by the student for the assignment may apply for each working day late up to ten working days at which time a mark of zero may be recorded.

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    There is no examination in this course.

  7. Examination period when Deferred/Supplementary examinations will be held:
    Not applicable.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Assignments:
    1. The due date for an assignment is the date by which a student must submit the assignment to the USQ.
    2. Students must retain a copy of each assignment submitted for assessment. This must be produced within 24 hours if required by the examiner.
    3. In accordance with university policy, the examiner may grant an extension of the due date of an assignment in extenuating circumstances.
    4. Assignments are to be submitted in the appropriate assignment folders.
    5. The examiner will normally only accept assessments that have been written, typed or printed on paper-based media.
    6. The examiner will not accept submission of assignments by facsimile.
    7. Students who do not have regular access to postal services or who are otherwise disadvantaged by these regulations may be given special consideration. They should contact the examiner to negotiate such special arrangements.
    8. In the event that a due date for an assignment falls on a local public holiday in their area, such as a show holiday, the due date for the assignment will be the next day. Students are to note on the assignment cover the date of the public holiday for the examiner's convenience.


  2. Course weightings:
    Course weightings of topics should not be interpreted as applying to the number of marks allocated to questions testing those topics in an examination paper. The examination may test material already tested in assignments.

  3. Referencing in assignments:
    In this course students may use either Harvard (AGPS) or the Australian Guide to Legal Citation (AGLC). Students should consistently use one of these systems in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing. For AGLC style guide enquiries, consult the AGLC manual from the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing, or contact the Law librarian.

  4. Deferred work:
    Students who, for medical, family/personal, or employment-related reasons, are unable to complete an assignment or to sit for an examination at the scheduled time may apply to defer an assessment in a course. Such a request must be accompanied by appropriate supporting documentation. One of the following temporary grades may be awarded: IDS (Incomplete - Deferred Examination); IDM (Incomplete Deferred Make-up); IDB (Incomplete - Both Deferred Examination and Deferred Make-up).

Other requirements

  1. Computer, e-mail and Internet access:
    Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.